CEMIG Plans to Invest in Clean Energy Projects Using Its Experience In HydroPower

Group 1 - Companhia Energética de Minas Gerais – CEMIG (NYSE:CIG) plans to invest in clean energy projects, leveraging its experience in hydropower [1][2] - The company has outlined a $7.4 billion (40 billion BRL) investment plan for the period from 2025 to 2029, focusing on power distribution and digitalization [2][3] - CEMIG is currently working on innovations in energy storage technologies and plans to expand projects such as pumped storage plants [3] Group 2 - Following the announcement of the investment plan, CIG shares increased by approximately 2.68% as of September 16 [4] - CEMIG operates as a state-controlled electric utility in Brazil, involved in the generation, transmission, distribution, and sale of energy [4]